CAPITAL MARKETS

Coincidental confluence of events sees ASX lithium stocks smashed

FIRST Goldman Sachs talked the lithium sector down, then Credit Suisse mentioned some downgrades and then today a report suddenly emerged of China getting set to try and produce millions of tonnes of the stuff for itself in Africa. All this negative noise within the space of just a few days.

Coincidental confluence of events sees ASX lithium stocks smashed

So yeah, you don't need to be Warren Buffet to work out what happened next. Falls of 20% for multi-billion companies aren't seen every day. Overall, the Metals & Mining segment of the ASX 200 only...

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